World Library  
Flag as Inappropriate
Email this Article

Digital economy

Article Id: WHEBN0009613511
Reproduction Date:

Title: Digital economy  
Author: World Heritage Encyclopedia
Language: English
Subject: Knowledge economy, Digital Britain, Canada 3.0, Orgment, Digital omnivore
Collection: Economic Systems
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Digital economy

Digital Economy refers to an economy that is based on digital technologies. The digital economy is also sometimes called the Internet Economy, the New Economy, or Web Economy. Increasingly, the “digital economy” is intertwined with the traditional economy making a clear delineation harder.

Contents

  • Definition 1
  • Impact 2
  • Response 3
  • See also 4
  • References 5

Definition

The term 'Digital Economy' was coined in

  1. ^ Tapscott, Don (1997). The digital economy : promise and peril in the age of networked intelligence. New York: McGraw-Hill.  
  2. ^ "Don Tapscott Biography". Retrieved 24 October 2013. 
  3. ^ Nicholas Negroponte - Bits & Atoms - University of Phoenix. Phoenix.edu. Retrieved on 2013-07-23.
  4. ^ "Merchant Sharing". 
  5. ^ http://www.myclouddoor.com/web/documents/The%20New%20Digital%20Economy.pdf
  6. ^ a b http://telstra.com.au/business-enterprise/download/document/business-telstra-deloitte-digital-taking-leadership-in-a-digtal-economy.pdf
  7. ^ Digital’s Disruption of Consumer Goods and Retail. bcg.perspectives (2012-11-15). Retrieved on 2013-07-23.
  8. ^ Deloitte Australia: Digital disruption - Short fuse, big bang?. Econsultancy (2012-10-22). Retrieved on 2013-07-23.
  9. ^ Internet matters: Essays in digital transformation | McKinsey & Company. Mckinsey.com (2013-03-13). Retrieved on 2013-07-23.
  10. ^ Welcome to Telefónica Digital. Blog.digital.telefonica.com (2013-07-15). Retrieved on 2013-07-23.
  11. ^ Economy is better off with digital disruption. Smh.com.au (2012-07-23). Retrieved on 2013-07-23.
  12. ^ Being too late in digital more costly than being too early: Deloitte Telstra joint report. Computerworld (2012-11-30). Retrieved on 2013-07-23.
  13. ^ Retail banks to tackle “digital disruption” in 2013. CCR Magazine (2012-11-21). Retrieved on 2013-07-23.
  14. ^ What is the NBN? | NBN - National Broadband Network - Australia. NBN. Retrieved on 2013-07-23.

References

See also

Given its expected broad impact, traditional firms are actively assessing how to respond to the changes brought about by the digital economy.[9][10][11] For corporations, timing of their response is of the essence.[12] Banks are trying to innovate and use digital tools to improve their traditional business.[13] Governments are investing in infrastructure. The Australian National Broadband Network, for instance, aims to provide a 1 GB/sec download speed fibre based broadband to 93% of the population over ten years.[14]

Response

It is widely accepted that the growth of the digital economy has widespread impact on the whole economy. Various attempts at categorising the size of the impact on traditional sectors have been made.[5][6] The Boston Consulting Group discussed “four waves of change sweeping over consumer goods and retail”, for instance.[7] Deloitte ranked six industry sectors as having a “short fuse” and to experience a “big bang” as a result of the digital economy.[8] Telstra, a leading Australian telecommunications provider, describes how competition will become more global and more intense as a result of the digital economy.[6]

Impact

over the Net. zero marginal cost intangible goods has been defined as the branch of economics studying Digital Economy [4]

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.